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At the end of 2020, Blossom Co. has an allowance for doubtful accounts of $34,000. On...

At the end of 2020, Blossom Co. has an allowance for doubtful accounts of $34,000. On January 31, 2021, when it has accounts receivable of $590,000, Blossom Co. learns that its $6,400 receivable from Tokarik Inc. is not collectible. Management authorizes a write off. the write off is below.

Date Account Titles and Explanation Debit Credit

Jan. 31 accounts receivable on January 31 Allowance for Doubtful Accounts enter a debit amount $6400.00 enter a credit amount 0 enter an account title to record write off of accounts receivable on January 31 Accounts Receivable enter a debit amount 0 enter a credit amount $6400.00

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Answer #1
Date Account Titles and Explanation Debit Credit
Jan 31 Allowance for doubtful accounts $6,400 -
Accounts receivable - $6,400

(To record write off of accounts)

Date Account Titles and Explanation Debit Credit
Jun 4 Accounts receivable $6,400 -
Allowance for doubtful accounts - $6,400

(To reverse write off)

Date Account Titles and Explanation Debit Credit
Jun 4 Cash $6,400 -
Accounts receivable - $6,400

(To record collection of previously write off accounts)

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